News

Yuan use gains traction as trade link with China grows

With trade and investment between Cambodia and China steadily increasing, Chinese currency-backed settlements for cross-border commerce have sharply taken off as the Kingdom continues to deepen its economic dependency on the northern giant, a central bank official said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/yuan-use-gains-traction-trade-link-china-grows

Chinese bank launches branch in Phnom Penh

The Industrial and Commercial Bank of China (ICBC) launched its first branch in Cambodia yesterday, bringing the total number of commercial banks in the country to 30. Speaking at the inauguration of the branch in Phnom Penh, Finance Minister Keat Chhon made an appeal to ICBC ...

Kingdom okays ICBC

The National Bank of Cambodia yesterday granted Industrial and Commercial Bank of China a financial business licence, according to a report on aastocks, a Chinese stocks news service ...

http://www.phnompenhpost.com/index.php/2011111552747/Business/kingdom-okays-icbc.html

Chinese bank to enter country's banking fold

The Industrial and Commercial Bank of China (ICBC) will enter Cambodia’s banking sector in November to become the country’s 30th commercial bank to date, Xinhua news agency reported yesterday. The report said that ICBC president Yang Kaisheng had met with Prime Minister Hun Sen on Tuesday ...

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